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Dharma, a public company, sold a plece of equipment at the beginning of Year 1, receiving a $21000, two year 1% note. Interest is paid

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Dharma, a public company, sold a plece of equipment at the beginning of Year 1, receiving a $21000, two year 1% note. Interest is paid at the end of each year, Market Interest rates are assumed to be 10% (PV of S1 PVA of Si and PVAD OLS1) (Use appropriate fnctor(s) from the tables provided.) Required: 1. Calculate the present value of the note receivable. (Round time value factor to 5 decimal places. Round intermedinte and final answer to the nearest whole dollar amount.) Presentat $ 17,356 2. Prepare entries for the sale, interest revenue and cash collection each year for two years of no entry is required for transaction/event, select "No journal entry required" in the first account field. Round time value factor to 5 decimal places. Round Intermediate and final answer to the nearest whole dollar amount.) View transaction list Journal entry worksheet

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